LUCKY MINERALS BOLSTERS EXECUTIVE TEAM WITH THE APPOINTMENT OF A NEW PRESIDENT & CEO AND VP OF EXPLORATION

Vancouver, BC – August 2, 2018 –  Lucky Minerals Inc. (TSX.V: LJ) (OTCQB: LKMNF) (“Lucky” or the “Company”) is pleased to announce that it has appointed John Mears, B.Sc, MAusIMM, P.Geo, to the position of President & Chief Executive Officer and Director of the Company effective immediately.

Mr. Mears takes over the positions from Robert Rosner, who has acted as the Interim President & CEO since June 2017.  Mr. Rosner will return to the position of Chief Financial Officer, which he held prior to his appointment as Interim President & CEO, and has also been named Executive Vice President. Steven Cozine, the current CFO, has resigned that position and remains as the Company’s Corporate Secretary. Additionally, Alain Moreau M.Sc.A, B.Sc, P.Geo has joined Lucky as Vice President, Exploration.

The Board of Directors wishes to thank Mr. Rosner and Mr. Cozine for their exemplary service and contribution over the past year, a period of significant corporate development activity. Their continued support through this transition and CEO search has positioned Lucky advantageously for the next phase of its growth and evolution.

Mr. Mears is a highly respected geologist, corporate officer and director who has sat on the Board of Directors of numerous publicly listed mining companies, including Nevada Star Corp., Azteca Gold Corp., Andover Mining Inc., East African Copper Corp., and Oregon Resources Corp. He also served as a Director of Norsemont Mining during the successful USD$540 Million takeover by Hudbay Mining, and led the corporate rescue effort of Marengo Mining as Interim COO, which resulted in an investment in excess of USD$100 Million.

Mr. Mears also acted as Chief Global Geologist & Senior Investment Manager from 2007 to 2017 for The Sentient Group, a private equity fund specializing in the natural resource sector. During this period he oversaw due diligence, audits, report creation and recommendations for the fund’s Natural Resource Investment portfolio valued at over USD$3 Billion.

Robert Rosner, Interim President & CEO, stated “The addition of John Mears to the Lucky team is a huge advantage to the Company as we progress to the next stage of our development. His knowledge and experience and highly respected profile in the international mining community will contribute immeasurably to Lucky’s success with both our Emigrant Project in Montana, and the newly acquired Fortuna Project in Ecuador”

Mr. Alain Moreau has been a geologist and entrepreneur in technology development since 1987 and has worked for numerous mining companies around the globe for the last 30 years. Mr. Moreau is a member of the Order of Quebec Geologists and a member of the Prospectors and Developers Association (PDAC). His expertise is in drone technology applied for mineral exploration (alteration mapping, boulder tracing and 3D imaging), advanced modeling of geological systems and mine targeting platforms (proprietary and non-proprietary software).

About the Lucky Minerals

Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits.

The Fortuna Project is a 550 km2 property in the heart of a proven and highly mineralized mineral district in Ecuador but which has seen only limited exploration and has never been drilled. Evidence of significant hydrothermal alteration & breccias, geochemical anomalies and placer mining supports potential for Cu/Au porphyry systems and epithermal Au deposits similar to numerous multi-million ounce Au and bulk tonnage Cu deposits ~40km away. Lucky Minerals has outlined a high impact exploration program including geochemistry, geophysics and structural analysis which will identify high potential targets for drilling.

The Emigrant Creek Project covers a 15 km2 area in an intensely altered and mineralized porphyry copper-gold-molybdenum system in southern Montana that could potentially host a multi-million ounce gold deposit. Nine highly mineralized breccia-pipes and two porphyry targets are known to exist within the company’s claims and have been variously explored by drilling, induced polarization geophysical surveys, rock chip sampling and geologic & alteration mapping. Lucky has outlined an exploration program consisting of geophysics, geological mapping and ongoing sampling to refine and identify targets, ultimately culminating in diamond drilling.

Lucky Minerals shares trade on the TSX Venture Exchange under the trading symbol LJ and through the OTCQB under the symbol LKMNF.

ON BEHALF OF THE BOARD

“Robert Rosner”

Interim President & CEO

Contact Information: Further information regarding the Company can be found on SEDAR at www.SEDAR.com, by visiting the Company website at www.luckyminerals.com or contacting the Company directly at info@luckyminerals.com or (866) 924-6484.

 This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted production outline due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted production outline due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates

The TSX Venture Exchange (TSX.V) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.